Kathmandu, Aug. 18
The first infrastructure bank of the country, Nepal Infrastructure Bank has mobilised its first investment to 32 MW Karuwa Seti Hydropower Project in Kaski district.
The project is located in Machhapuchhre and Sardikhola Rural Municipalities of the district.
The bank has led a consortium of Himalayan Bank and Sanima Bank in investing Rs. 4.6 billion in the project. The total cost of the project is Rs. 5.80 billion.
“We have identified various infrastructure projects in hydropower, solar energy, hotel, resort, fun ark, cable car, education, health and other sectors and completed required study. Investment will be mobilised in those areas in the near future,” said the bank.
The bank was established with the objective of investing in the infrastructure projects in the country.
Published in The Rising Nepal daily on 19 August 2019.
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